2012 Endowment Report - University of South Carolina

nt, touch a flower. If you want to touch the future, touch a life. –Author Unknown
State Appropriations
For the 2014 fiscal year, state
appropriation changes include recurring
funds for Palmetto College and new
recurring funds for parity for the three
comprehensive campuses at Aiken,
Beaufort and Upstate. Additionally, one
time funding of $2.5M was provided
to USC Columbia to advance the On
Your Time Graduation Initiative. All
campuses received funds for deferred
maintenance from the South Carolina
Education Lottery. These non-recurring
funds total $5,471,533 for this year.
Federal grants and contracts are
expected to be reduced due to the
ongoing impact of Sequestration.
Auxiliary enterprises are up slightly,
driven by increases in ticket prices
and sales for USC Columbia athletics.
Revenue for Housing at the Columbia
campus is expected to be down slightly
as the nearly 550 beds in the Women’s
Quad are offline for renovation. Tuition
and fees will increase due to an average
3.15% tuition increase across the system
and the larger freshman class expected
at USC Columbia.
Tuition and Fees
$597,373,652 – 46.8%
Grants, Contracts and Gifts
$340,578,124 – 26.6%
Sales and Services –
Auxiliary Enterprises
$164,575,070 – 12.9%
State Appropriation
$137,486,275 – 10.8%
Sales and Services –
Educational and Other Sources
$37,346,787 – 2.9%
System Total
Current Funds Budget
$1,277,359,908
How does your endowment grow?
As the benefactor of an endowed fund,
you are aware of the great impact your
fund has had on University of South
Carolina students and faculty. Your
generosity has affected the lives of many,
and for that we are extremely thankful.
To ensure that future generations can
continue to receive the wonderful benefit
of your generosity, we offer the following
vehicles to help grow your endowment.
Cash
Additional contributions may be added
to your fund by anyone at any time.
Honorary and/or memorial gifts may be
directed to your fund to increase the
principal. Gifts may also be made directly
to the annual spendable amount to
increase the benefit for any given year(s).
Matching gift
Many companies have matching gift
programs available to employees.
These matches increase the overall
impact of your personal gift and can
make the difference for many of our
students. Questions about matching
gifts should be directed to Advancement
Services at 803-777-7190 or at
scgift@mailbox.sc.edu.
Stock gift
USC Foundations Pooled Portfolio Allocations
Asset Allocation at June 30, 2013
Large Cap Composite - $137,265,281
(iShares, Harbor Capital, Montag & Caldwell,
Becker Capital, WEDGE Capital)
Small Cap Composite - $31,445,250
(Westfield Capital, iShares Russell 2000)
International Equity Composite - $63,366,525
(Artisan, EuroPacific, Dodge & Cox, DFA, Harding Loevner)
Fixed Income Composite - $41,349,288
(Loomis Sayles, PIMCO)
Hedge Fund Composite - $44,058,952
(Ironwood, HBK, Och Ziff)
For additional information, visit the USC Foundation Web site at www.sc.edu/foundations.
A contribution of long-term appreciated
securities, either publicly traded or
from a closely held company, may
provide you with greater tax advantages
than a gift of cash. You may deduct
the current fair market value as a
charitable gift and avoid capital gains
tax on the appreciation. Questions about
gifts of stock should be directed to
Advancement Services at 803-777-7190
or at scgift@mailbox.sc.edu.
Planned gift
You might wish to consider making a
planned gift that benefits you and the
University of South Carolina. There
are many gifts available that can
be customized to meet your needs.
Questions about planned giving
should be directed to the Office of
Gift Planning at 803-777-4196 or at
giftplan@mailbox.sc.edu.